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REGISTERED NUMBER: 08124549 (England and Wales)



















Unaudited Financial Statements

for the Period 22 December 2021 to 31 March 2023

for

AGC Property Limited

AGC Property Limited (Registered number: 08124549)






Contents of the Financial Statements
for the Period 22 December 2021 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGC Property Limited

Company Information
for the Period 22 December 2021 to 31 March 2023







DIRECTORS: G S Cottle
Mrs J A Cottle
S C Cottle
Miss A J Cottle





SECRETARY: G S Cottle





REGISTERED OFFICE: High Tong
Marle Place Road
Brenchley
Tonbridge
Kent
TN12 7HS





REGISTERED NUMBER: 08124549 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

AGC Property Limited (Registered number: 08124549)

Balance Sheet
31 March 2023

31.3.23 21.12.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 700
Investments 5 100 100
100 800

CURRENT ASSETS
Stocks 120,000 120,000
Debtors 6 - 2,625
Cash at bank 283 15,051
120,283 137,676
CREDITORS
Amounts falling due within one year 7 (2,323,187 ) (2,088,701 )
NET CURRENT LIABILITIES (2,202,904 ) (1,951,025 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,202,804

)

(1,950,225

)

CREDITORS
Amounts falling due after more than one year 8 (30,253 ) (39,072 )
NET LIABILITIES (2,233,057 ) (1,989,297 )

CAPITAL AND RESERVES
Called up share capital 250,000 250,000
Retained earnings (2,483,057 ) (2,239,297 )
SHAREHOLDERS' FUNDS (2,233,057 ) (1,989,297 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AGC Property Limited (Registered number: 08124549)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:





G S Cottle - Director


AGC Property Limited (Registered number: 08124549)

Notes to the Financial Statements
for the Period 22 December 2021 to 31 March 2023

1. STATUTORY INFORMATION

AGC Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the company's forecasts and projections, the members have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

AGC Property Limited (Registered number: 08124549)

Notes to the Financial Statements - continued
for the Period 22 December 2021 to 31 March 2023

2. ACCOUNTING POLICIES - continued

Provisions for liabilities
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 22 December 2021
and 31 March 2023 8,400
DEPRECIATION
At 22 December 2021 7,700
Charge for period 700
At 31 March 2023 8,400
NET BOOK VALUE
At 31 March 2023 -
At 21 December 2021 700

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 22 December 2021
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 21 December 2021 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 21.12.21
£    £   
Other debtors - 2,625

AGC Property Limited (Registered number: 08124549)

Notes to the Financial Statements - continued
for the Period 22 December 2021 to 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 21.12.21
£    £   
Bank loans and overdrafts 5,464 5,464
Other creditors 2,317,723 2,083,237
2,323,187 2,088,701

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 21.12.21
£    £   
Bank loans 30,253 39,072

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,411

9. RELATED PARTY DISCLOSURES

As at 31 March 2023 £2,315,223 (2021: £2,080,737) was owed to key management personnel and companies connected to key management personnel.